If you’re in the market for a luxury timepiece, a Rolex auction is the place to be. The company has been manufacturing high-quality timepieces for more than a century, and some of its models are considered among the world’s most desirable. This is why so many people bid on them.
The auction featured a collection of vintage Rolex watches, mostly from the 1960s and 1970s. It was curated by Bob’s Watches and Sotheby’s. The “Fresh Finds” collection featured 16 vintage Rolex watches, and was offered for the first time in public.
The price of a vintage Rolex can be as high as several thousand dollars. If you plan on purchasing a vintage Rolex, it’s important to get a detailed condition report. Especially for vintage models, the condition of a watch can make or break the deal. Furthermore, some collectors are seeking the very best examples of a particular model.
Rolex watches are among the most expensive items in the auction world. For example, the Paul Newman Daytona, which sold for more than $17.8 million in 2017, could fetch a hammer price of over $200,000. Similarly, a vintage Explorer II Ref. 1655 featuring Steve McQueen’s rail dial could bring in over $200,000.
Rolex’s reputation for luxury and precision has made it synonymous with luxury. The company was founded in 1905 by Hans Wilsdorf. It initially focused on the distribution of timepieces. But soon became the premier watch brand. In 1914, the company received a Class A precision certificate from the Kew Observatory, a test institute that has been testing the accuracy of watches since 1840
